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Bitcoin tests $86.5K, Bitget reopens, Swift adds Chainlink | Weekly recap

In this week’s edition of the weekly recap, Bitcoin struggled to hold its rebound as U.S. ETF buying returned, Bitget restored major-asset withdrawals after its $387.5 million breach, and Chainlink outlined banks’ access to Swift’s blockchain ledger. Bitcoin retreats as…

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Why crypto rallied after the CLARITY Act failed, according to Bitwise

Bitwise has identified four crypto sectors that benefited from the CLARITY Act’s Senate setback, with NEAR gaining 104% and Uniswap rising 49% between the vote and Sep. 30. Bitwise Asset Management chief investment officer Matt Hougan wrote in a Sep.…

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Absa becomes Africa’s first bank to offer Bitcoin custody services

Absa has become Africa’s first bank to offer Bitcoin custody, with BTC making up the largest share of assets held through its institutional service. Bloomberg reported on Oct. 2 that the Johannesburg-based lender is providing digital asset custody to institutional…

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UK banks eye faster settlement as 71% expect tokenization to reshape finance

UK financial institutions have identified faster settlement as tokenization’s biggest benefit, with 71% expecting the technology to reshape financial services. Lloyds Banking Group said in its Oct. 2 release, that its tenth annual Financial Institutions Sentiment Survey questioned 100 senior…

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Anchorage Digital reportedly cuts 17% of staff amid crypto downturn

Anchorage Digital has reportedly cut 17% of its workforce after securing a $100 million Tether investment earlier this year. The Information reported on Oct. 2, citing people familiar with the matter, that McCauley had told employees about the layoffs during…

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Bitcoin price faces $86,500 hurdle as ETF buying returns

Bitcoin price has retreated toward $84,000 after reaching $87,220, while Bitfinex analysts have identified sustained buying above $86,500 as a condition for further gains. Bitfinex’s Analyst Team, in comments provided directly to crypto.news, said renewed U.S. spot Bitcoin ETF inflows…

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Kraken parent Payward explores crypto and payments partnership with BNY

Kraken parent Payward has entered talks with BNY over a potential partnership covering six areas, including crypto custody, trading and payments, according to two people familiar with the discussions. Two people familiar with the matter said the proposed arrangement could…

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Uniswap price eyes $10.30 as cup-and-handle forms

Uniswap price is testing a possible cup-and-handle setup near $8.92 as its September rally cools and a Japan-focused DeFi partnership advances. Uniswap’s rounded recovery meets resistance at $10.30 TradingView’s Binance UNI/USDT daily chart puts Uniswap at $8.926 on Oct. 2,…

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Tether’s USDT eyes Bitcoin return as Utexo plans October launch

Utexo has outlined an October launch for USDT on Bitcoin, with three planned services covering private transfers, direct BTC swaps, and Bitcoin-backed loans. Utexo has secured a commercial license to issue USDT on Bitcoin and use its trademark for distribution…

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Worldcoin price eyes $0.72 as rounding bottom pattern takes shape

Worldcoin price has climbed toward $0.60 as strengthening momentum puts a larger recovery pattern back in focus. TradingView’s Binance WLD/USDT daily chart showed Worldcoin trading at $0.5672 on Oct. 2, up 12.05% from the daily opening price. The token reached…